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Anglo American CEO says platinum assets sale by 2015 "optimistic"

Reuters - UK Focus

LONDON, July 25 (Reuters) - The chief executive of Anglo American Plc dismissed reports that the group is in talks to sell its stake in the Samancor manganese joint venture with BHP Billiton (NYSE: BBL - news) and said it may be too optimistic to expect a sale of its South African platinum assets by 2015.

"I know (Amplats CEO) Chris (Griffith) has said he can get it done by the end of 2015, that may be a little bit optimistic," Cutifani said in a call with journalists.

He was referring to the decision to sell its platinum assets

announced earlier this week by Anglo's subsidiary Anglo American Platinum (Amplats).

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"Certainly that would be a target that we want to try and achieve, but I wouldn't hardwire that because quite simply there are always a few things that are quite complex," Cutifani said.

Anglo posted on Friday a fall in first-half profits in line with analysts' forecast, hit by weaker commodity prices and by a lengthy mining strike that has slashed its platinum output. (Reporting by Silvia Antonioli; Editing by David Holmes)